Photo via Empire Group
(Disclosure: Rose Law Group represents Empire Group.)
By YourValley
Empire Group of Companies, 6617 N. Scottsdale Road, No. 101, announces the start of construction on its largest build-to-rent project in Arizona, Village at Bronco Trail. The new development is in close proximity to Taiwan Semiconductor’s new mega-plant and will sit on a 30-acre site at 29th Avenue and Sonoran Desert Drive.
The loan of $88.5M, arranged by Tower Capital, closed June 21, 2023, and construction commenced Aug. 21, 2023. The general contractor for the project is Lifestyle Homes and the first phase of units is expected to be ready in Q1 of 2025.
“Village at Bronco Trail is The Empire Group’s largest Arizona build-to-rent project to date. It is also one of the largest horizontal apartment communities that has broken ground across the country,” said Richard Felker, founder of the Empire Group of Companies.